The iShares Core S&P Total U.S. Stock Market ETF (ITOT) is an exchange-traded fund designed to track the performance of the entire U.S. equity market. The ETF is managed by BlackRock through its iShares platform and trades under the ticker ITOT on the NYSE Arca.

Classified as a broad-market equity ETF, the fund provides exposure to U.S. large-, mid-, and small-cap companies, covering nearly the entire investable U.S. stock market. Its strategy allows investors to gain diversified exposure to the U.S. economy through a single investment.

The ETF follows a passive management approach and seeks to replicate the performance of the S&P Total Market Index, a benchmark designed to represent nearly the entire investable U.S. equity market.

Diversification and sector exposure

ITOT provides exposure primarily associated with:

• U.S. equity market.

• Large-cap stocks.

• Mid-cap stocks.

• Small-cap stocks.

• Technology.

• Financial services.

• Healthcare.

• Consumer sectors.

The portfolio holds thousands of companies across a broad range of industries, providing extensive diversification by both market capitalization and economic sector. The ETF's performance reflects the overall U.S. stock market, including both established large-cap companies and smaller businesses with growth potential.

Structure and costs

ITOT shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

The fund carries a low expense ratio, consistent with the iShares Core product lineup, and does not apply a performance fee. Dividends received from portfolio holdings may be distributed periodically to shareholders according to the fund's distribution policy.

Because it tracks nearly the entire U.S. equity market, the fund offers broader diversification than ETFs focused solely on large-cap stocks.

History and evolution of the ETF

The iShares Core S&P Total U.S. Stock Market ETF was launched in 2004 to provide low-cost, broad exposure to the U.S. equity market through a single exchange-traded fund.

Since inception, the fund has become one of the leading choices for investors seeking comprehensive exposure to the U.S. stock market, combining companies of various sizes and industries within a single portfolio.

In recent years, the continued growth of technology companies, the evolution of the U.S. economy, changes in monetary policy, and the increasing adoption of broad-market ETFs have continued to shape the fund's performance and long-term relevance.

Additional Information

iShares Core S&P Total U.S. Stock Market ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $93.98 billion.

Over the past 12 months, iShares Core S&P Total U.S. Stock Market ETF recorded a return of 17.96%, with its price trading between $135.80 and $166.26 during the same period.

The ETF is traded under the ticker ITOT.